A new report from the Federal Reserve Bank of Boston estimates that job losses related to the COVID-19 pandemic could put 21,351 Vermont homeowner and 23,561 renter households at high risk of not being able to pay their mortgage or rent.
Help identify high impact strategies for promoting Vermont’s recovery
The Local Support and Community Action Team of the State of Vermont Economic Mitigation and Recovery Task Force needs your help prioritizing high impact ideas and actions identified by diverse stakeholders for COVID-19 recovery. The task force was established by Governor Scott to help mitigate the short-term economic impacts of the COVID-19 pandemic and develop strategies for
Economic impact of coronavirus outbreak on Vermont housing
Vermont has received over 71,000 unemployment claims since the coronavirus pandemic reached the state. An economic recession is almost certainly forthcoming.
Location matters for housing affordability
This commentary by VHFA Executive Director Maura Collins appeared recently in VTDigger
Housing affordability can’t be judged just on how much it costs to rent or buy a home. Although those indicators are important, the total costs of housing, both for households and the community, depend heavily on where the home is located.
Homeownership declines among young Vermonters
This commentary by VHFA Executive Director Maura Collins appeared recently in VTDigger
Vermont Rural Life Survey highlights affordability challenges
VPR and Vermont PBS have released the results of the annual Vermont Rural Life Survey, which polls households from all across Vermont about life in their communities and the daily challenges they face. Vermont has the second highest percentage of its population living in rural areas in the United States.
Housing recovery leaves black households behind
The economic recovery is being felt among many households, with home equity wealth rising and more Millennials becoming homeowners.
New reports show housing unaffordable for many Vermont workers
Two new reports show that rental housing in Vermont is unaffordable for many workers, not only for those earning minimum wage, but also for skilled middle-income workers.
Home building is key to helping improve affordability market-wide
A recent study illustrates how new market-rate housing construction in one part of town, especially in markets with low vacancy rates, improves housing affordability for lower income residents in other parts.
Vermont towns can improve housing affordability
With town meeting day behind us and many new faces elected to local office across the state, this post shares a few key housing resources for towns.